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A new kind of deal for our brokerage

Today, one of the clients of our brokerage is closing on a really interesting fourplex deal. The minute I saw this one on the MLS, I liked it… it’s big, (mostly) non-rent controlled, in an interesting area, on a large lot (so plenty of parking and outdoor space), etc. The reason I’m writing about it

Looking for another leasing consultant

With so many projects in the pipeline, we’re looking to add another leasing consultant to the Adaptive team. This person will help us find nice people to live in our nice apartments. To be successful in this role, you need that elusive combination of hustle / salesmanship PLUS honesty / ethics. Not always easy to find, but

Winning an auction by losing

Just had an interesting experience at probate court. Jon and I had signed a non-contingent deal to purchase 229 N. Burlington St., which is a triplex south of the 101. It’s on a big lot that’s zoned for six units. We were intending to renovate the existing building and build two more units… the numbers would

An interesting deal we won’t win

I got a call about an interesting building in Highland Park a few weeks ago. Ordinarily, these are the types of calls I love… an interesting deal, a broker with whom I’ve done plenty of business, etc. But this one is almost definitely not happening, and here’s why: Because it’s a bankruptcy sale conducted under

What inning are we in in the multifamily cycle

I think this is kind of an inane game, because the definition of the “game” and an “inning” are so vague. But I think it’s the 7th inning, for what that’s worth. Here’s a piece with the views of a lot of people richer than I am (and who love talking their own books). For

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